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Are you thinking of buying a fractional ownership in a
Florida Golf course home? Fractional ownership, is a way
of owning real estate or a property for a fraction of a year
and being able to use it every year for the amount of time
that you own it. Fractional ownership is ideal for a second
home, a second or third residence, retiring, winter escapes,
or vacation homes.
How does a fractional ownership compare with a timeshare?
A fractional ownership is far more exclusive and include many
more luxury amenities and services than timeshares. They tend
to be larger homes, usually three to five bedrooms. Timeshares
usually allow you use for just one to two weeks per year.
A fractional ownership offers from two to 13 weeks, and those
don't necessarily have to be consecutive weeks. Pick the weeks
you want. Financing on a timeshare is difficult, rates are
high, regardless of how good your credit is. Banks and mortgage
firms consider a fractional ownership to be appreciating assets
and will often treat them like any other second-home purchase.
A fractional ownership tends to be larger than most condo
hotel units. The average fractional ownership offers three
to five bedrooms, while most condo hotel units are studios,
one bedrooms or two bedrooms. Fractional ownerships are most
prevalent on the West Coast, particularly in ski areas. However,
both types of real estate are rapidly gaining popularity and
soon there will be more fractional ownerships across the country
to meet the growing demand.
In the U.S., the first fractional ownerships were in major
ski areas out west. Eventually they made their way to
northeastern ski areas. Since then fractional ownerships have
begun appearing in golf-oriented communities like Hilton Head
Island, South Carolina and popular beach states like Florida.
Jupiter, FL. being one of the most popular, is one of the
pricier fractional ownership areas.
What does a fractional ownership cost? Prices vary
based on the size, amenities and location of the fractional
ownership property, but most are in the $100,000-$500,000
range. Remember these are elegant homes that would cost you
so much more if you owned it outright.
Different Fractional Ownerships In And Out Of Florida
- Ritz-Carlton Golf Club & Spa - The Ritz-Carlton
Golf Club & Spa offers opportunities for fractional
ownership or permanent residency. The 285-acre country club
community is centered around an 18-hole Jack Nicklaus Signature
Golf Course with a 68,000-square-foot clubhouse and spa
built in the style of grand Addison Mizner architecture.
Ownership options include either The Ritz-Carlton residences
or The Ritz-Carlton estates.
- Storied Places® Sandestin - Intrawest’s
first beach and golf Storied Places® community in North
America. The 20 distinct fractional ownership residences
range in size from approximately 2,278 to 2,440 square feet.
Homes are nestled in the lush fairways of the Rees-Jones-designed
Burnt Pine Golf Club and the natural splendor of Choctawhatchee
Bay. The Village of Baytowne Wharf is just a 5-minute walk
away.
- Lighthouse Key Resort & Spa - Located in the
heart of Central Florida in Kissimmee (near Orlando), minutes
from its many world-famous theme parks and golf courses.
For a fraction of what a second home in Florida would cost,
you can enjoy up to four weeks per year at a fractional
ownership in Lighthouse Key. You receive an ownership deed
for your condo and have flexibility with regard to when
you use your condo.
- Wild Heron, Lake Powell - Wild Heron has completed
61 fractional ownership condominiums at Lakeside Lodge and
six signature, custom-designed homes. There are currently
19 single homes and 24 club homes under construction at
Linkside. Prospect Point, a miniature village along the
community’s lake shoreline, serves as a gathering place
for residents. The private, members-only beach club offers
beach access to the sugar-white sands along the Gulf of
Mexico.
- Jackson Hole, Teton Club - This fractional ownership
is Jackson Hole's first and finest Private Residence Club
offering 2 to 12 week packages. Your fractional ownership
is deeded and is fully transferable. Combine this flexibility
with our five-star amenities which includes ski and golf
privileges, while in residence and you have "the intelligent
alternative to the purchase of a second home".
- Cabo San Lucas - Four weeks per year of fractional
ownership at Club Perla Rosa is under $100,000 U.S with
attractive trade offs for peak holiday usage. Fractional
ownership isn’t limited; investors may purchase as
many four-week fractions as they wish. Club Perla Rosa will
appeal to those looking for sterling amenities and services
in a gracious and relaxing fully equipped luxury condominium
setting.
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If you need more information regarding more Florida fractional
ownerships, please use some of our resource links to furthar
assist you.
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